CHICAGO–(BUSINESS WIRE)–RM Capital Partners (“RMC”), a strategically positioned private equity firm focused on empowering market leaders across the infrastructure services industry, announced that it has completed the acquisition of Integrated Solar Operations d/b/a ISO Solar (the “Company”), a leading provider of turnkey solar energy systems to residential, commercial, and government customers across Puerto Rico.
Founded in 2013 with a mission to deliver reliable and sustainable energy solutions, ISO Solar offers innovative solar engineering, design, installation, repair, and maintenance services that improve the quality of life for more than 6,000 customers. The Company has earned national recognition for its operational excellence and customer service, being named a top solar contractor in the United States by Solar Power World for six consecutive years.
ISO Solar’s Founder, Ralph Diaz, stated, “We specifically chose to partner with RMC due to its invaluable expertise spanning solar, project finance, and renewable energy, while also understanding the importance of our employees and team culture as driving forces of ISO Solar’s success. We are confident solar will power Puerto Rico’s future, and RMC will help us achieve our goal of providing access to clean, reliable, and affordable energy to all Puerto Ricans.”
Ruslan Matveyev, Managing Partner of RM Capital Partners, commented, “Ralph and his team have built a truly best-in-class business. We are excited to expand on ISO Solar’s tremendous accomplishments by leveraging the Company’s reputation, relationships, and capabilities, while further investing in people, products, services, and infrastructure to capture an outsized share of the surging demand for alternative energy solutions in Puerto Rico. We are proud to partner with ISO Solar and look forward to supporting the next chapter of its growth and value creation.”
RMC’s multi-faceted growth strategy will enable ISO Solar to capitalize on the growing need for energy resiliency, energy security, and lower energy bills compared to the status quo – reliance on an unstable and under-maintained centralized electrical grid. Despite billions in federal funding allocated to rebuilding and strengthening Puerto Rico’s energy infrastructure, which was decimated by Hurricane Maria in 2017, both the frequency of power outages and price of electricity have continued to rise. As a result, many residents are actively searching for alternatives, and ISO Solar is strategically positioned to meet this demand through technological innovation, product line expansion, and operational excellence.
As RMC and ISO Solar embark on this exciting new chapter, Ralph will stay on as a board member and ensure a smooth transition in executive leadership to the Company’s new CEO, Francisco González Ohárriz. Francisco brings more than a decade of solar, business development, and executive leadership experience to the team, and he will play an integral role in executing the Company’s value creation plan.
About RM Capital Partners
RM Capital Partners is a private equity firm focused on empowering market leaders across the infrastructure services industry. RMC’s people-first partnership approach enables individuals to achieve their professional goals, while best positioning businesses to maximize shareholder value. The RMC team has extensive domain coverage and a proven track record, completing more than 30 M&A transactions totaling over $1.0 billion in capital.
For more information, please visit www.rmcapitalgp.com.
About ISO Solar
ISO Solar is a leading provider of turnkey solar energy systems to residential, commercial, and government customers across Puerto Rico. The Company offers innovative solar engineering, design, installation, repair, and maintenance services that improve the quality of life for more than 6,000 customers.
For more information, please visit www.isosolarpr.com.
Contacts
RM Capital Partners
Ruslan Matveyev
Managing Partner
[email protected]
ISO Solar
Ralph Diaz
Board Member
[email protected]
Francisco González Ohárriz
CEO
[email protected]
